Merian Chrysalis opts for equity placing in £50m fundraise
Raising capital to fund investments
Merian Chrysalis trust co-manager Richard Watts
The board of Merian Chrysalis Investment Company has proposed a placing of equity at £1.48 per share in efforts to raise £50m to fund new investments, with the company allowing retail investors the opportunity to invest alongside institutional buyers via primarybid.com.
If £50m is raised, the placing shares would represent around 10% of the Merian Global Investors-advised company's existing issued ordinary share capital. Co-managed by small and mid-cap managers Richard...
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